SEOUL, Oct. 17 (Korea Bizwire) — President Yoon Suk Yeol pledged on Tuesday to enhance the competitiveness of the country’s defense industry, saying that it is writing new history in a rags-to-riches narrative. Yoon made the remarks during the opening ceremony of the Seoul International Aerospace & Defense Exhibition (ADEX) 2023 at Seoul Air Base [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea is set to open its largest-ever defense exhibition Tuesday to boost exports of its latest weapons and technologies, with aerial displays of the homegrown KF-21 fighter jet and U.S. strategic bomber B-52. The Seoul International Aerospace & Defense Exhibition (ADEX) 2023 takes place at Seoul Air Base [...]
SEOUL, Oct. 16 (Korea Bizwire) — The top nuclear envoys of South Korea and the United States are set to meet in Indonesia on Monday to discuss North Korea’s nuclear and missile developments, Seoul’s foreign ministry said. Kim Gunn, the special representative for Korean Peninsula peace and security affairs, will hold a bilateral meeting with [...]
SEOUL, Oct. 16 (Korea Bizwire) — The defense ministry said Monday it will host an annual international security forum this week to discuss efforts to promote peace and cooperation, amid global security uncertainties highlighted by Hamas’ recent attack on Israel and Russia’s war in Ukraine. The three-day Seoul Defense Dialogue 2023 is set to kick [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea and the United States are expected to sign an arrangement aimed at bolstering bilateral security supply chains this month, Seoul’s arms procurement agency said Monday, amid the allies’ efforts to step up security cooperation. In a policy report for a parliamentary hearing, the Defense Acquisition Program Administration [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korea experienced a gradual softening of an economic downturn on signs of improvement in production and exports of semiconductors and the upbeat service sector though external uncertainties linger, the finance ministry said Friday. “The economic slowdown has been gradually easing as the production and exports in the manufacturing [...]
SEOUL, Oct. 13 (Korea Bizwire) – A recent report has revealed that the annual average of foreigners suspected of criminal offenses in South Korea has risen to 36,000. According to data from the National Police Agency presented to the National Assembly during a national audit on Thursday, the number of foreigners arrested for crimes in [...]
SEOUL, Oct. 12 (Korea Bizwire) — Prime Minister Han Duck-soo made an official visit to Denmark as part of his four-nation European trip to promote South Korea’s bid to host the 2030 World Expo in the southern city of Busan, his office said Thursday. Han arrived in Copenhagen on Tuesday (local time) for the second leg of [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea and Japan held vice-ministerial talks in Seoul on Thursday, the first such talks in nine years amid warming bilateral relations, as Japan was set to begin a second round of radioactive water discharge into the ocean. First Vice Foreign Minister Chang Ho-jin met his Japanese counterpart, Masataka [...]
SEOUL, Oct. 5 (Korea Bizwire) — The government is set to begin a two-month crackdown next week on foreigners staying or working illegally in the country, the Ministry of Justice said Thursday. The crackdown, the third of its kind that will last through Dec. 9, will mainly focus on foreigners who work in entertainment services [...]